Student Castle developed a market-leading, prime regional PBSA portfolio comprising 2,383 beds across seven assets and wanted to divest its interest in the portfolio.
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Both Savills and Student Castle were very aware of wider macroeconomic sensitivities during the campaign, which required a more discreet ‘off-market’ process in order to mitigate any adverse factors that could have compromised the transaction.
Savills undertook the following advisory services:
- Full review of historic performance, KPI’s and future business plan assumptions
- Market pricing exercise supported by relevant comparable transactions
- Preparation of high quality, bespoke marketing materials
- Coordinated and accompanied investor meetings, presentations, and inspections
- Led the commercial negotiations on behalf of the client
- Provided input into transaction documents alongside external advisors
- Managed the closing process by coordinating 3rd party advisors through to completion
Savills recommended a highly targeted, discreet market campaign which focused on a small number of key investors within the market. Savills leveraged its strong industry connections alongside its cross-border investment teams, targeting the most appropriate capital in order to optimise competitive tension and reduce execution risk.
Savills successfully provided sell-side advisory services to the client, resulting in a highly competitive process with numerous bidding parties. We leveraged this competitive tension in order to negotiate and optimise the offers received.
